LGI Homes (LGIH) Projected to Post Quarterly Earnings on Tuesday

LGI Homes (NASDAQ:LGIH - Get Free Report) will likely be announcing its earnings results before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $2.31 per share and revenue of $588.56 million for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

LGI Homes Stock Performance

NASDAQ:LGIH traded down $2.68 during mid-day trading on Friday, hitting $77.80. 365,892 shares of the stock were exchanged, compared to its average volume of 204,088. The firm's 50-day simple moving average is $88.39 and its 200 day simple moving average is $101.26. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 9.33 and a beta of 2.03. LGI Homes has a fifty-two week low of $77.17 and a fifty-two week high of $125.83. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72.

Wall Street Analyst Weigh In

LGIH has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on shares of LGI Homes from $82.00 to $80.00 and set an "underweight" rating for the company in a research report on Tuesday, January 14th. Wedbush reiterated a "neutral" rating and issued a $115.00 price objective (down previously from $125.00) on shares of LGI Homes in a research note on Tuesday, January 7th. JMP Securities restated a "market outperform" rating and set a $160.00 target price on shares of LGI Homes in a research report on Friday, January 10th. Finally, Seaport Res Ptn upgraded shares of LGI Homes from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $118.33.

LGI Homes Company Profile

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.